Headline: Manufacturing sales volume rises
The total manufacturing sales volume rose in the December 2014 quarter, with rises across several industries, Statistics New Zealand said today.
After adjusting for seasonal effects, the volume of total manufacturing sales rose 0.9 percent. This rise was led by a 7.2 percent increase in petroleum and coal product manufacturing, with meat and dairy product manufacturing up by 0.9 percent.
“The volume of meat and dairy manufacturing sales was slightly up after recent falls, while manufacturing excluding meat and dairy continues to rise,” business indicators manager Neil Kelly said.
Excluding meat and dairy, the sales volume for total manufacturing was up 0.9 percent in the December 2014 quarter. Sales rose for eight of the 12 manufacturing industries in this group.
The trend for the total manufacturing sales volume, which gives a longer-term picture of movements, has been mainly rising since a low point in the June 2013 quarter.
When the effect of price changes is included, the total value of seasonally adjusted manufacturing sales fell 0.7 percent ($180 million). Meat and dairy product manufacturing sales decreased 2.7 percent ($207 million), with dairy prices falling and meat prices rising.
In actual terms, the total manufacturing sales volume was up 1.5 percent on the December 2013 quarter. The total manufacturing sales value was down 3.2 percent on the December 2013 quarter – to $25.6 billion.
For media enquiries contact: Neil Kelly, Christchurch 03 964 8700, email@example.com
Authorised by Liz MacPherson, Government Statistician, 9 March 2015